Gold up
DOW down 220
If the DOW doesn't bounce after such a big drop tonight, I'd say things are really bad and we are in the midst of a major correction.
Benanke is a money printer. He is a real monetarist. He thinks that an economy can get out of trouble by increasing the money supply.
Of course this will lead to massive asset inflation. Wages will hardly move at all.
Housing is completely stuffed. Business is going to find it hard to increase earnings.
The stockmarket in China is wildly overvalued. Absolutely priced to perfection. The US accounts for at least a quarter of world economic activity. Just a small change in profitability will lead to Chinese stocks correcting big time and you know what happened to the ASX when the Chinese market corrected last time.
Also there are rumours coming out of China that the banks are not as willing to lend as they used to be. So we could be seeing a credit crunch or at the least a squeeze on growth from the raising capital end of things.
- Forums
- ASX - General
- which way for the usa
Gold upDOW down 220If the DOW doesn't bounce after such a big...
Featured News
Add ASX (ASX) to my watchlist
|
|||||
Last
$64.41 |
Change
1.000(1.58%) |
Mkt cap ! $12.40B |
Open | High | Low | Value | Volume |
$63.49 | $64.41 | $63.39 | $28.91M | 451.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18000 | $64.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.43 | 629 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18000 | 64.250 |
1 | 12 | 64.180 |
1 | 8 | 64.140 |
1 | 11 | 64.110 |
1 | 14 | 64.100 |
Price($) | Vol. | No. |
---|---|---|
64.430 | 629 | 1 |
64.440 | 1418 | 3 |
64.450 | 347 | 1 |
64.470 | 1120 | 1 |
64.480 | 1103 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |